Hydro One continues to provide relief, choice and flexibility for customers during COVID-19 pandemic
New awareness initiative encourages customers to take advantage of its Pandemic Relief Program
TORONTO, May 13, 2020 /CNW/ - As Ontario begins to look towards recovery from the global COVID-19 pandemic, Hydro One is continuing to provide relief, choice and flexibility for its customers. Today, the company launched an awareness initiative to highlight its Pandemic Relief Program, which provides financial relief and payment flexibility to customers experiencing hardship due to circumstances of COVID-19.
"Falling behind on payments can have a devastating impact on an individual's well-being, especially now as we start to understand the economic challenges resulting from COVID-19," said Jason Fitzsimmons, Chief Corporate Affairs and Customer Care Officer, Hydro One. "As a customer-driven organization, we have an important responsibility to offer relief, flexibility and choice. We want our customers to know that we are here to help and have supports available."
According to recent research from Hydro One, 73 per cent of its residential customers are not aware of the Pandemic Relief Program, which was launched on March 13, 2020. Through this awareness initiative, Hydro One will be informing customers of the relief measures available to them.
"We know we can help our customers avoid the financial stress of falling behind when they are connected to the right programs to meet their unique needs," said Fitzsimmons.
In addition to the Pandemic Relief Program, Hydro One has taken a number of actions to support its customers and its people through this difficult time. More information about Hydro One's Pandemic Relief Program can be found at www.HydroOne.com/PandemicRelief.
Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.4 million valued customers, approximately $27.1 billion in assets as at December 31, 2019, and annual revenues in 2019 of approximately $6.5 billion. Our team of approximately 8,800 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2019, Hydro One invested approximately $1.7 billion in its transmission and distribution networks and supported the economy through buying approximately $1.5 billion of goods and services. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. We are designated as a Sustainable Electricity Company by the Canadian Electricity Association. Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at www.hydroone.com; www.sedar.com or www.sec.gov.
Forward-Looking Statements and Information:
This press release may contain "forward-looking information" within the meaning of applicable securities laws. Words such as "expect," "anticipate," "intend," "attempt," "may," "plan," "will", "can", "believe," "seek," "estimate," and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR at www.sedar.com. Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.
SOURCE Hydro One Inc.
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